Fuhua Taiwan Technology High Dividend ETF (00929) announced a dividend of NT$0.18 per share on July 1, marking the first reduction in dividends after three consecutive months of NT$0.20 distributions this year.
The record date for this distribution is July 23, the ex-dividend date is July 17, and the payment date is August 12.
Additionally, 00929 previously announced the following changes to its component stocks:
Added 12 component stocks:
Everlight Electronics (2393), ADATA Technology (3005), Holitech Technology (3010), ChipMOS Technologies (3042), Taiwan Mobile (3045), Far EasTone Telecommunications (4904), QSTech (4961), World Advanced (5347), Chicony Electronics (5388), FocalTech Systems (6189), Taian Technology (6269), and Taiwan Semiconductor Manufacturing Company (6278).
Removed 12 component stocks:
Wistron NeWeb Corporation (2313), Macronix International (2337), Qisda Corporation (2352), Realtek Semiconductor (2379), Kinpo Electronics (3189), Nuvoton Technology (4919), Zhen Ding Technology Holding Limited (4958), Advanced Semiconductor Engineering (5371), Han’s Laser Technology Industry Group (5469), Etron Technology (6182), Gaintech (8050), and Zhi Hsin Technology (8081).
00929 announced the latest distribution amount, with a payment of NT$0.20 per share, and the payment date set for June 17.
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00929 historical dividend distributions
The total asset scale of ETFs listed on the Taiwan Stock Exchange has surpassed NT$1.6 trillion, with 00929 becoming a standout performer that has rapidly gained attention. Since its listing on June 9, 2023, this ETF has become the fastest to surpass NT$100 billion in scale within just five months, and the number of shareholders has also surged 26-fold, exceeding 452,300.
00929 historical dividend distributions
The reasons for the popularity of Fuhua Taiwan Technology High Dividend ETF are as follows:
1. The first “monthly distribution” ETF in Taiwan, allowing investors to have a cash flow every month while investing regularly.
2. Stable dividends and timely distributions; Fuhua Taiwan Technology High Dividend ETF has provided shareholders with regular monthly payouts since its listing and has quickly filled its dividends.
00929 dividend dates and amounts
Ex-dividend date
Dividend per unit (NT$)
2024.7.17
0.18
2024.5.20
0.20
2024.4.23
0.20
2024.3.19
0.13
2024.2.29
0.13
2024.1.18
0.13
2023.12.19
0.11
2023.11.21
0.11
2023.10.24
0.11
2023.09.19
0.11
2023.08.17
0.11
2023.07.19
0.11
(Data compiled by Yongfeng Financial Securities)
3. Supported by a revenue stabilization fund, which mitigates concerns about dilution of dividends as the number of shareholders increases.
Further reading:
00919 adds 12 component stocks! What are the dividend and ex-dividend dates, and component stocks of 00919?
What are the components of 00929? Is the ETF resistant to downturns?
The component stocks of 00929 are primarily in semiconductors, followed by electronic components.
Fuhua Taiwan Technology High Dividend ETF tracks the “Selected Taiwan Technology High Dividend Index,” consisting of a total of 40 component stocks, which are adjusted twice a year. The industries represented include semiconductors at 42.97%, electronic components at 18.02%, and computers and peripheral equipment at 18.02%. Investors can further analyze whether the top 10 component stocks of Fuhua Taiwan Technology High Dividend ETF align with their investment preferences.
00929 top ten component stocks
Stock name
Investment ratio (data date: 2023.09.30)
MediaTek (2454)
4.08%
WPG Holdings (3702)
3.57%
Silicon Motion Technology (8016)
3.51%
King Yuan Electronics (2449)
3.37%
Newport Technology (6121)
3.34%
Qisda Corporation (2385)
3.21%
Rohm Semiconductor (6176)
3.00%
Novatek Microelectronics (3034)
2.92%
AverLogic Technologies (6285)
2.91%
Jentech Technology (3044)
2.90%
(Data source: Yongfeng Financial Securities)
00929 Fuhua Taiwan Technology High Dividend ETF shows relative resilience
In addition to its monthly distribution advantage, the performance of Fuhua Taiwan Technology High Dividend ETF is also highly regarded. Given the ETF’s relatively short establishment period, a comparison based on the tracking index “Selected Taiwan Technology High Dividend Index” is provided.
During the bear market in 2018, when the Taiwan Weighted Index and Taiwan Electronics Index fell by 4.8% and 8.9%, respectively, the “Selected Taiwan Technology High Dividend Index” rose by 2.5%.
Further comparison during the significant decline in 2022 shows that the Taiwan Weighted Index and Taiwan Electronics Index dropped by 18.7% and 23.5%, respectively, while the “Selected Taiwan Technology High Dividend Index” only retraced by 8.2%, demonstrating its defensive capability during market fluctuations.
00929 performance index
2018
2019
2020
2021
2022
Selected Taiwan Technology High Dividend Index
2.5
40.7
13.6
28.8
-8.2
Taiwan Electronics Index
-8.9
42.4
40.9
24.8
-23.5
Taiwan Weighted Index
-4.8
28.9
27.1
27.1
-18.7
MSCI Taiwan ESG Sustainable High Dividend Selected 30 Index
0.5
24.0
11.5
26.1
-8.8
Taiwan High Dividend Index
1.3
30.3
8.3
19.8
-17.4
(Data compiled by Yongfeng Financial Securities)
Established for only six months, 00929 ranks seventh among national ETFs!
According to the monthly ranking of regular investment accounts in September 2023, Fuhua Taiwan Technology High Dividend ETF has climbed to seventh place as a newly established national ETF and is the highest yielding ETF with the shortest establishment time on the list.
National ETF new top seven
Code
Name
September 2023 trading account numbers
Establishment
Is it a high dividend ETF on the Taiwan Stock Exchange?
0050
Yuanta Taiwan 50
213,514
2003.06.25
No
00878
Cathay Sustainable High Dividend
204,461
2020.07.10
Yes
0056
Yuanta High Dividend
198,272
2007.12.13
Yes
006208
Fubon Taiwan 50
109,240
2012.06.22
No
00713
Yuanta Taiwan High Yield Low Volatility
61,590
2017.09.19
Yes
00692
Fubon Corporate Governance
33,140
2017.05.04
No
00929
Fuhua Taiwan Technology High Dividend
22,065
2023.06.01
Yes
(Data compiled by Yongfeng Financial Securities)
In summary, as the Taiwan stock market experiences fluctuations and the performance of AI concept stocks varies, Fuhua Taiwan Technology High Dividend ETF has demonstrated “defensive capabilities in stock prices” and the “monthly distribution mechanism” favored by long-term investors, saving them from the need to trade multiple targets, incurring additional transaction fees, and conducting independent research on the costs of the ETF’s components.
Further reading:
How many times has 00878 distributed dividends? Why is this ETF so popular? What are the component stocks? A comprehensive guide for easy understanding
Data source:
Central Depository & Clearing Corporation – Shareholding Distribution Report,
Fuhua Investment Trust – Fuhua Taiwan Technology High Dividend Monthly Report,
Securities Exchange Regular Investment Account Statistics Monthly Report
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Editor: Lin Mei-hsin
